React as necessary.btw: we must vet/screen tenants uniformly, but that does not mean they all get the same terms of tenancy.

I am not sure if the rents react as fast as the real estate property prices drop.I am actually looking at both type of properties.

You need to react quickly and effectively.

Me and my wife are San Diego natives and just moved back from AZ where we lived for about 10 years. 

The property could be the bargain of a lifetime if the seller over reacts and you know that it can be fixed correctly for little money.

I'd guage how they react to your request.

See how they react.

I have to imagine it hurts flippers as the price of materials and labor rises with it and real estate may be slow to react.

I too support the FairTax.You might want to ask the Native Americans how not paying property taxes ensured their permanent ownership of land.Originally posted by Greg Turnquist: With sales taxes, the tax base is wider, and people that make money through even illegal activities would still be paying into the tax basis, lowering the overall tax needs for everyone.Do you really think this would significantly change the economics of governement funding, or is this an emotion grabber?

@Jason Flynn  I'm a  native Californian and would love to be able to own more property here but the numbers just don't make sense.